DFM:TABREED Cash Flow Statement

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	564.94	570.22	431.14	600.19	585.16	550.34
Depreciation & Amortization	353.83	345.92	341.59	319.86	273.17	222.39
Other Amortization	10.78	14.24	20.23	20.93	15.98	16.92
Loss (Gain) on Sale of Assets	2.25	-5.97	-148.77	-69.64	-110.23	-79.04
Loss (Gain) on Sale of Investments	-	-	-	-	-51.95	-
Loss (Gain) on Equity Investments	-33.91	-37.6	-34.92	-29.61	-35.67	-51.2
Change in Accounts Receivable	-21.61	2.62	6.18	47.51	295.32	-258.9
Change in Inventory	-8.03	-4.5	-9.66	-9.19	-7.23	-5.38
Change in Accounts Payable	-57.17	-66.86	84.25	92.3	-30.77	-87.18
Other Operating Activities	-12.48	18.3	245.03	54.21	2.77	-2.75
Net Cash from Discontinued Operations	-	-	-	-	51.95	-
Operating Cash Flow	1,155	1,189	1,285	1,355	1,316	629.27
Operating Cash Flow Growth	5.45%	-7.48%	-5.16%	2.94%	109.20%	-19.52%
Capital Expenditures	-196.5	-216.68	-180.37	-184.44	-188.61	-106.28
Sale of Property, Plant & Equipment	-	-	1.46	-	-	-
Cash Acquisitions	-	-	-	5.51	-1,212	-2,580
Divestitures	-	-	68.07	-10.6	-	-
Sale (Purchase) of Intangibles	-19.4	-40.06	-	-	-	-
Investment in Securities	-1,184	17.47	-	-53.49	406.57	-
Other Investing Activities	46.84	62.16	56.87	28.52	17.58	91.37
Investing Cash Flow	-1,353	-177.11	-53.98	-214.49	-976.59	-2,595
Long-Term Debt Issued	-	104.88	-	-	52.28	4,302
Long-Term Debt Repaid	-	-923.11	-835.8	-78.01	-72.66	-775.51
Net Debt Issued (Repaid)	852.08	-818.22	-835.8	-78.01	-20.38	3,527
Common Dividends Paid	-440.58	-441.02	-383.67	-166.35	-156.14	-285.13
Other Financing Activities	-296.11	-239.65	-275.14	-320.19	-278.91	-190.33
Financing Cash Flow	115.38	-1,499	-1,495	-564.55	-455.43	3,051
Net Cash Flow	-82.19	-487.03	-263.5	576.03	-115.62	1,086
Free Cash Flow	958.95	972.29	1,105	1,171	1,128	522.98
Free Cash Flow Growth	10.99%	-11.99%	-5.63%	3.80%	115.65%	-22.90%
Free Cash Flow Margin	39.02%	39.95%	45.73%	52.82%	57.68%	30.04%
Free Cash Flow Per Share	0.34	0.34	0.39	0.41	0.40	0.18
Cash Interest Paid	250.24	199.71	226.18	271.56	243.28	186.87
Levered Free Cash Flow	-543.36	555.56	744.49	234.57	1,039	-247.99
Unlevered Free Cash Flow	-402.8	675.86	889.66	394.55	1,184	-126.4
Change in Working Capital	-86.81	-68.74	80.76	130.62	257.31	-351.46

Source: S&P Global Market Intelligence. Utility template. Financial Sources.